Kuala Lumpur-based Hong Leong Bank Berhad has selected the Intellect Global Transaction Banking platform as the basis for a digital transformation of its wholesale banking services.

The group’s personal financial services business has already gone through this process and HLBB is now turning its attention to the corporate banking space with a focus on the development of real-time payment offerings in order to support its Malaysian corporate clients domestically and globally.

HLBB will use the iDTB digital omni-channel delivery platform and related applications in digital cash management, liquidity management, domestic and foreign payments, trade finance and supply chain financing. The system will give the bank the ability to facilitate mass adoption of real-time digital payments amongst its corporate clients. Additionally, the bank can implement straight-through-processing between the bank and local/ international payment gateways, as well as host-to-host integration with its clients’ accounting and back-end systems.